SgurrEnergy has supported private equity investors, PKA AIP and a consortium of Danish pension funds, in the acquisition of the 252MW Gode Wind II offshore wind farm in the German North Sea.
Providing technical due diligence for the acquisition, SgurrEnergy’s scope included a review of project operation strategies and contracts, energy yield, design, permitting and environmental issues as well as reviewing technical aspects of the financial model. The deal was concluded, resulting in the consortium’s acquisition of 50% share of the project. Construction of Gode Wind II is expected to commence in 2015, and full commissioning for this and the neighbouring wind farm Gode Wind I are expected in 2016.
